v3.26.1
Overview, Basis of Presentation and Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Summary of Current Expected Credit Loss Reserve Transactions affecting the current expected credit loss (“CECL”) reserve during the three months ended March 31, 2026 and 2025 were as follows:

 

 

March 31,

 

 

 

2026

 

 

2025

 

Balance, beginning of year

 

$

20.9

 

 

$

25.0

 

Provisions charged to expense

 

 

2.7

 

 

 

1.8

 

Write-offs and other

 

 

(2.9

)

 

 

(1.5

)

Balance, end of period

 

$

20.7

 

 

$

25.3

 

The components of the CECL reserve balance at March 31, 2026 and December 31, 2025 were as follows:

 

 

March 31, 2026

 

 

December 31, 2025

 

Provision for accounts receivable

 

$

20.0

 

 

$

20.5

 

Provision for unbilled receivables and contract assets

 

 

0.7

 

 

 

0.4

 

Total

 

$

20.7

 

 

$

20.9

 

Components of Company's Property, Plant and Equipment The components of the Company’s property, plant and equipment, net at March 31, 2026 and December 31, 2025 were as follows:

 

 

March 31, 2026

 

 

December 31, 2025

 

Land

 

$

0.3

 

 

$

0.3

 

Buildings

 

 

12.7

 

 

 

13.2

 

Machinery and equipment

 

 

49.7

 

 

 

58.1

 

 

 

 

62.7

 

 

 

71.6

 

Less: Accumulated depreciation

 

 

(55.0

)

 

 

(62.8

)

Total

 

$

7.7

 

 

$

8.8